Credit history is information about current and closed credit agreements, as well as about the borrower's credit cards. In the credit history, you can find out about the compliance with the loan payment schedule, what is the debt and whether there have been delays in payments. All credit histories are kept in the Bureau of Credit Histories (BCH).
Knowing your credit history is sometimes very important. In the case of a faulty credit history, a person may be denied a loan. When buying real estate and drawing up a deposit agreement, you need to be sure that the bank will not refuse a mortgage for a large amount of money. Because, according to the agreement, in case of refusal to make the purchase of real estate, the buyer loses all the money paid as an advance.
A credit history has three parts.
The first part is personal data about the borrower, his name, surname, passport data, marital status, address of the place of residence.
The second part is information about loans, amounts, maturity of debt, the amount of outstanding debt, as well as the timing of interest payments, etc.
The third part is an additional part that contains technical information for the BCI users.
To get acquainted with your credit history, you need to make a request to the BCH. This service can be used free of charge once a year, all other requests are paid.
Information and information about all loans is stored for 15 years. If you find an error in your credit history, then it can be challenged by writing a statement to the bank in which the loan is opened. The credit bureau will review your application within a month.
After making a decision, the error will either be corrected or left unchanged. If you still disagree with the result of the decision, then you will have to resolve the issue through the court.
Follow the schedule of payments on loans, do not allow late payments on loans and credit cards, and you will always have a good credit history.
